Craig O. Morrison to Retire, Craig A. Rogerson Elected Chairman, CEO and President of Hexion Inc.

COLUMBUS, Ohio–(BUSINESS WIRE)–Hexion Inc. (“Hexion” or the “Company”) today announced the planned
retirement of Craig O. Morrison, Chairman, President and Chief Executive
Officer of Hexion Inc. after more than twelve years of service and a
distinguished career in the chemical and industrial industries.


Craig A. Rogerson has been elected Chairman, President and Chief
Executive Officer of Hexion Inc. effective July 10, 2017. Mr. Rogerson
is the former Chairman, President and Chief Executive Officer of
Chemtura Corporation, a position he held from December 2008 until April
21, 2017. Prior to Chemtura, Mr. Rogerson had a 27 year career at
Hercules Incorporated serving in various senior management roles
including Chief Executive Officer and President from December 2003 until
November 2008. Mr. Rogerson serves on the boards of PPL Corporation, the
American Chemistry Council, the Society of Chemical Industry, and the
Pancreatic Cancer Action Network. Mr. Rogerson holds a chemical
engineering degree from Michigan State University (“MSU”) and also
serves on the advisory board of the MSU Chemical Engineering & Materials
Science College.

“We would like to thank Craig Morrison for his leadership, dedication
and service to Hexion since its formation in 2005. Craig has built a
leading global specialty chemical company and world-class management
team and we wish him well in his retirement,” said Scott Kleinman, Lead
Partner, Apollo Global Management. “In addition, we would also like to
welcome Craig Rogerson to Hexion and believe he is uniquely qualified to
serve as Chairman, President and Chief Executive Officer. Craig Rogerson
is an outstanding leader with deep operating expertise and proven track
record of successfully managing complex, global business portfolios.”

Mr. Morrison added: “I am pleased and grateful for my time at Hexion and
the opportunity to build a leading global specialty chemicals company.
Hexion is well-positioned for continued success and growth, and I am
confident that Craig is the right person to lead Hexion into the future.”

“I am excited and honored to have been selected to lead Hexion,” said
Mr. Rogerson. “I look forward to working with the dedicated team to
drive growth and product innovation in close partnership with our valued
customers and continuing to strategically optimize Hexion’s cost
structure and business portfolio.”

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset
resins. Hexion Inc. serves the global wood and industrial markets
through a broad range of thermoset technologies, specialty products and
technical support for customers in a diverse range of applications and
industries. Hexion Inc. is controlled by investment funds affiliated
with Apollo Global Management, LLC. Additional information about Hexion
Inc. and its products is available at www.hexion.com.

Contacts

Hexion Inc.
Investors and Media:
John Kompa,
614-225-2223
[email protected]